Health Care Industry
Industry: Email Alert RSS FeedSchering-Plough, marketer of high-profile allergy products Claritin and Clarinex, last month decided not to exercise its option agreement related to ALK-Abello's grass-pollen allergy tablet and other non-injectable allergy products
Drug Store News, Jan 19, 2004
Schering-Plough, marketer of high-profile allergy products Claritin and Clarinex, last month decided not to exercise its option agreement related to ALK-Abello's grass-pollen allergy tablet and other non-injectable allergy products, the company reported.
ALK-Abello has reacquired the exclusive worldwide. rights to these products, ending the collaboration the two companies entered in October 2002.
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Given that many prescription allergy medications are either switching to OTC or are in danger of being forced OTC, introducing a prescription-only allergy remedy may not be as promising as it once was.
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